To The Moon

$Garmin(GRMN)$i perform badly when i buy stocks i like.

I am down (on other platforms) [Cry] 

 ~20k from $Novavax(NVAX)$

~4k from Creative Technologies,

~4k from $Aurinia Pharmaceuticals(AUPH)$

~2k from polish gaming company CD Ptojekt Red

~4k from Starbucks

[Cry] 

I also have an outsized negative position in ONON (on tiger)

[Cry] 

I still sleep well.

Because only abt 5% of my investments are in such shares.

This is not a tale about why diversification is profitable.

Instead, it is a lesson as old as time, that love leads to ruin.

So while I am a longtime Garmin user, the Apple watch is going to prove a real challenge for Garmin.

Apple is going for the fitness and hiking enthusiasts, the people who dive recreationally and those who enjoy running. Basically, Garmin core customers.

While competition may not be always bad because new products may increase demand for the segment as a whole, my thesis is that apple has a serious copy cat issue.

Within 9 to 15 months, Samsung, Microsoft, Xiaomi and probably 10 other similar companies will create products in the same class targeting the same consumers.

Garmin EPS is very attractive today and I think it is a long way befoe Garmin will "collapse" and there ie probably some value in it as a dividend play. But in 18 to 24 months, i think Garmin will have very serious competition.

So this is shorting love and i sure hope it is profitable.